ANNUAL RESULTS 2020
Strategy and
investments
ESG
Renewables
Regulated
France - Generation and
supply
Consolidated sales
Operational data and markets
ENEDIS: TURPE 6, A MATURE REGULATORY FRAMEWORK
In €bn
Key elements of the remuneration: A cost + remuneration approach
(2021 estimated figures from the CRE deliberation)
0.1
14
12
4.9
10
8
4.6
Adjustment for
exceptional
items (both
upward and
downward) vs.
authorised EBIT
14.1
6
4
2.9
2
1.8
0
Regulated EBIT
D&A
Net operating
(1)
expenses
Capital costs
Electrical
system
expenses (2)
CRL Linky and
CRCP (3)
Delivery
revenue (4)
Tariff indexation principle (TURPE 6)
Change in the consumer
price index (criteria:
inflation)
CRCP balance (3):
difference for non-
controllable expenditure
between forecast and actual
+ incentive regulation
Inflation rate for the year
+ 0.31%
Calculating the k factor (5)
capped at +/-2%
No exposure to variations in distributed
volumes (number of customers, TWh
distributed including weather impact) vs
trajectory defined by the regulator
Incentive regulation: productivity gains,
quality of service and continuity of supply, R&D
and smart grids
Income and expense (6) largely secured by the mechanism
of the Income and Expense Adjustment Account (CRCP):
0
% of revenues
covered by the
CRCP:
% of expenses
covered by the
CRCP:
(1)
Net revenue excluding transport
(4)
(2)
Power system charges = transport purchase from RTE + purchase of network losses
French standard data. The difference with IFRS mainly corresponds to Enedis' contribution to
the Electricity Equalization Fund
(3)
EDF
ANNUAL RESULTS 2020
CRCP = expense and income adjustment account; CRL Linky = Linky regulated levelling
account (Compte Régulé de Lissage [CRL])
(5)
(6)
k factor = percentage change in the fee table resulting from the clearance of the CRCP balance
Capital charges + operating charges + electric system charges
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